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Policyholder Question – Why is my insurance carrier claiming non-recoverable depreciation?

by Charles R. Tutwiler on 7/24/2017

The following is an insurance claim question we answered for a policyholder through the United Policyholders Ask an Expert Forum.

Q. In my original claim, my insurance company said that my 98 year old mother had replacement coverage. We've gone through her contents and submitted a statement of loss. In our findings, most of her contents were 40, 50 or even 100+ year old collectables. In the subsequent settlement, the insurance company increased their payout; however, they now claimed over $30k of items under "non-recoverable" depreciation. How do you verify what is or what is not recoverable under this clause? The policy documents are very vague, tough to read even when you can find them.

Insurance Companies Using Preferred Contractors to Settle Claims Not in Policyholders Best Interest

by Charles R. Tutwiler on 11/25/2013

A policyholder in South Carolina recently wrote us about a fire claim turned nightmare. When notified of a claim, insurance companies will sometimes send out their preferred vendor as a way to provide fast service but also to control costs and prevent the policyholder from hiring their own vendor, since they have contracted reduced rates with these vendors.

Policyholder Question on Fire Loss Payment for Essentials

by Charles R. Tutwiler on 10/22/2013

Q. How much does the insurance company pay for my groceries in case of fire loss? An amount of $500 regardless or I can make an inventory with photos, prices and quantities?

Policyholder Question – Why is my insurance carrier claiming non-recoverable depreciation?

Insurance Companies Using Preferred Contractors to Settle Claims Not in Policyholders Best Interest

Policyholder Question on Fire Loss Payment for Essentials

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